Beneficial Interest

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Beneficial Interest

Profits or advantages from property derived from the terms of a trust agreement.

A beneficiary of a trust has a beneficial interest in the trust property, the legal title of which is held by the trustee. The beneficiary receives the advantages of ownership of the property which the trustee holds and distributes according to the terms of the trust agreement.

beneficial interest

n. the right of a party to some profit, distribution, or benefit from a contract or trust. A beneficial interest is distinguished from the rights of someone like a trustee or official who has responsibility to perform and/or title to the assets, but does not share in the benefits. (See: contract, trust)

See: claim, right

BENEFICIAL INTEREST. That right which a person has in a contract made with another; as if A makes a contract with B that he will pay C a certain sum of money, B has the legal interest in the contract, and C the beneficial interest. Hamm. on Part. 6, 7, 25 2 Bulst. 70.

References in periodicals archive ?
4921875 per share of beneficial interest of the Companys 7.
As a result of the reverse share split, the number of outstanding common shares of beneficial interest of the company will be reduced from approximately 422.
The IRS determined that the proposed sales of remainder interests in the trust would not shift any beneficial interests in trust to a lower generation and would not extend the time for vesting of any beneficial interest in trust beyond the period provided in the original trust.
OBL and the OBL subsidiaries do not presently elect to relinquish their beneficial interest in the Backreef Area .
Thus, the District Court concluded that only a debtor's beneficial interest in a mast may be excluded from the bankruptcy estate under Section 541(c)(2).
The concept is much like buying and selling mortgage contracts--in this instance, an insurance contract is bought and sold, with the investor acquiring both the beneficial interest in the contract and the obligation to provide for its servicing and administration.
The specified beneficiary debits a receivable or beneficial interest and credits contribution revenue.
24 February 2011 - JCR assigned today a J-1 rating to a bills receivable beneficial interest of A&D Company Ltd (TYO:7745).
A financial interest includes interests in foreign accounts titled in the names of nominees, agents and trusts (if the beneficial interest in the trust exceeds 50% of corpus or income).
BANKING AND CREDIT NEWS-February 18, 2011--JCR assigns J-1 rating to beneficial interest of Kurashiki Medical Center(C)2011 M2 COMMUNICATIONS http://www.
The Service has indicated its intent to deny exclusions for gifts to holders of Crummey withdrawal powers when (1) the powerholders have no beneficial interest in the trust other than their withdrawal powers; (2) the powerholders hold only contingent remainder interests or discretionary income interests; or (3) the facts and circumstances indicate a prearranged understanding that the powerholder will not exercise his or her withdrawal power.
BANKING AND CREDIT NEWS-February 15, 2011--JCR assigns prelim J-1 rating to beneficial interest of Kurashiki Medical Center(C)2011 M2 COMMUNICATIONS http://www.